The CEO of Genesis, Michael Moro, is stepping down from his position as the company slashes 20% of its 260-person workforce. The culling of staff follows major losses for Genesis tied to the collapse of Three Arrows Capital earlier this year.
The US charge against a former Coinbase Global Inc. employee may not be the only instance of insider trading at the cryptocurrency exchange, according to a new study by researchers from the University of Technology Sydney (UTS).
Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), which manages an estimated CAD$392 billion in assets ($303bn USD), revealed on Wednesday that it has written off its investment in Celsius.
Top stories in the Crypto Roundup today:
- Crypto Broker Genesis Cutting 20% of Workforce as CEO Michael Moro Exits
- Coinbase Insider Trading May Spread Wider Than The U.S.
- Canadian Pension Fund Writes Off Celsius Investment